Construction and Real Estate

In recent decades, construction and real estate projects in Iceland have become ever more international in nature. As a result, a range of new legal issues have surfaced. Our team has considerable experience and knowledge of the various processes and risks in respect to construction,  real estate and public procurement.

Our construction lawyers provide advice in respect to all stages of the construction process and have, for a number of years, advised the main construction companies in Iceland, for example in respect to the construction of Harpa concert hall, one of Reykjavik’s largest structures. Our team has in the past provided legal advice in respect to the  construction of aluminium smelters, silicon metal factories, data centres, schools’ construction of new hotels and expansion projects for the Keflavik international airport. We have assisted our clients in the preparation of environmental impact assessment reports and other communications with the relevant authorities, such as the Environment Agency of Iceland, the Icelandic Construction Authority, the Icelandic National Planning Agency and the Icelandic Public Procurement Complaints Committee.

Our team is confident in handling all kinds of real estate matters such as real estate transactions, property development, commercial leases, real estate financing and any related tax issues.

As an example, in this practice area we offer advice on:

  • Any legal issues that arise in the tendering process and the construction phase.
  • Drafting, reviewing and negotiating construction, consultancy and consortium agreements.
  • Property transactions.
  • Project development.
  • Project financing and security.
  • Planning and building permit issues.
  • Environmental issues.
  • Real Estate Insurance.
  • Public procurement.
  • Dispute resolution before the Public Procurement Complaints Board, Icelandic courts and arbitration panels.

Prospective clients who would like to learn more about our construction and real estate legal practice are invited to contact the below listed partners.

LOGOS is ranked as Tier 1 firm in this practice area by Legal 500